Quick facts: Cushing, OK

Quick Facts

90.9
Cost of Living
below US average
8,345
Population
26.84
Crime Rate per 1000
above US average
$46,602
Median Income
below US average
$185,000
Median House Price
above US average
$950.0
Average Rent
below US average
13%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $46,602.

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Income Needed to Buy

βœ— Stretch
$58k/year
Based on $185,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $58k vs median $46,602
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $950.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($46,602) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Cushing, OK

Cushing, Oklahoma, located in Payne County, is a small city known for its rich history and vibrant community. With a population of approximately 7,500 residents, Cushing is often recognized for its significant contributions to the oil industry, earning it the nickname "The Pipeline Crossroads of the World." Founded in the early 1900s, Cushing plays a critical role in the transportation and storage of oil, making it a key location in energy logistics. The city hosts numerous oil-related businesses and facilities, contributing to its economic stability. Cushing boasts a charming downtown area that features local shops, restaurants, and historical landmarks. The Cushing Historical Museum offers insights into the city's past, while various parks and recreational areas provide residents and visitors with opportunities for outdoor activities. Community events, including the annual Cushing Rodeo, celebrate the city's heritage and bring residents together. With a blend of history, industry, and small-town charm, Cushing is a unique place in Oklahoma that continues to thrive within the energy sector.

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